Orion Digital (NASDAQ:ORIO) Upgraded by Zacks Research to Strong-Buy Rating

Orion Digital (NASDAQ:ORIO) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Orion Digital in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Orion Digital Price Performance

ORIO opened at $0.87 on Wednesday. The company has a fifty day moving average price of $0.94. Orion Digital has a 1 year low of $0.81 and a 1 year high of $2.67. The firm has a market cap of $20.83 million, a PE ratio of -10.86 and a beta of 2.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.43 and a current ratio of 1.43.

Orion Digital (NASDAQ:ORIO) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.06. Orion Digital had a positive return on equity of 9.62% and a negative net margin of 3.57%.The company had revenue of $12.29 million for the quarter, compared to the consensus estimate of $12.43 million. Equities analysts expect that Orion Digital will post -0.1 EPS for the current year.

About Orion Digital

Mogo Inc operates as a financial technology company in Canada and internationally. The company provides digital solutions to the consumers to get in control of their financial health. It offers Mogo app to access a digital spending account with Mogo Visa Platinum Prepaid Card; MogoCrypto that enables the buying and selling of bitcoin; MogoProtect, a free ID fraud protection and monthly credit score monitoring; MogoMortgage, a digital mortgage experience; and MogoMoney that provides access to personal loans.